When the stakes are high, so are the opportunities -- that's one of the reasons why the South Dakota Corn Growers Association, South Dakota Corn Utilization Council and Farm Credit Services of America says they are hosting "Growing Forward 2009" meetings across South Dakota in December and February.
The meetings are slated for Dec. 1 to 5 and Feb. 2-5 at including Aberdeen, Watertown, Huron, Mitchell, Yankton and Sioux Falls, S.D.
This series of outlook meetings focuses on marketing, estate planning and crop insurance strategies.
You'll have the opportunity at these meetings to learn how to tailor today's marketplace and technology to your advantage. Your marketing plan may also begin to take shape at these meetings as you hear about 2009 crop price outlooks and learn how to utilize crop revenue insurance tools.
Meeting highlights include:
Controlling crop "controllables" - by Steven D. Johnson, Iowa State University farm and ag business management field specialist. Topics include crop supply/demand and price outlook, grain storage and marketing decisions, enhancing multi-year revenue decisions, reducing crop input costs and understanding specialty crop production contracts with growing demand for biofuel.
Risk management strategies - by Farm Credit Services. Staff will review insurance policy changes and options, explain how to utilize insurance coverage to support grain marketing decisions, compare and contrast coverage's utilizing different yield and price scenarios and crop insurance buying decision strategies.
Estate/succession planning - by Eide Bailey. Staff will offer insights into key estate and tax implications, including: tax strategies for farmers and ranchers, financial planning strategies, estate planning and farm succession planning.
The dates, times and locations for the first round of meetings are:
Dec. 1 - Aberdeen, S.D., Best Western Ramkota. Registration: 11:30 a.m. Lunch: noon. Program: 1:00 p.m. Call 800-658-3964 or 605-225-1030
Dec. 1 - Dec. 1, Watertown, S.D., Watertown Events Center. Registration: 5:30 p.m. Dinner: 6:00 p.m. Program: 7:00 p.m.
Dec. 2 - Huron, S.D., Crossroads Hotel and Huron Events Center, Registration: 11:30 a.m. Lunch: 12:00 noon Program 1:00 p.m. Phone: 800-658-3978 or 605-352-2842
Dec. 2 - Mitchell, S.D., MTI Technology Center, Registration: 5:30 p.m. Dinner: 6:00 p.m. Program: 7:00 p.m. Call 800-658-3374 or 605-996-2774
Dec 3. - Yankton, S.D., Minerva's Convention Center, Best Western Kelly Inn. Registration: 8:30 a.m. Program: 9:00 a.m. Lunch: noon. Phone: 800-658-3631 or 605-665-9675.
Dec. 4 - Sioux Falls, S.D., Ramkota Hotel & Conference Center, Registration: 8:30 a.m. Program: 9:00 a.m. Lunch: noon. Phone: 800-658-3953 or 605-362-5218
Complimentary meals for you and a guest will be provided. Register online at www.growingforward2009.com. Or contact your local Farm Credit Services of America office. Reservations must be received by Monday, Nov. 24.
Growing Forward: Round II
The second round of Growing Forward meetings will be held Feb. 2-5.
The dates and locations are:
Feb. 2 - Sioux Falls, Ramkota Hotel
Feb. 2 - Watertown, Event Center
Feb. 3 - Aberdeen, Ramkota Hotel
Feb. 4 - Huron, Crossroads Hotel
Feb. 5 - Yankton Minerva's Convention Center.
Speakers scheduled to appear include Bryce Anderson, DTN meteorologist and Art Barnaby, Kansas State University agricultural economist.
Barnaby is a frequent speaker at professional, farmer-producer, ag lender, and insurance industry meetings. Raised on a diversified farm located in Elk County, Kansas, Barnaby received his B.S. degree from Fort Hays State University, M.S. from New Mexico State University and a PH.D. in Agricultural Economics from Texas A&M University. Barnaby conducts statewide extension education programs on financial planning, risk, government commodity programs, and crop insurance. He is an author on several research projects that cover alternative crop insurance designs and their impacts on farmers.
Anderson has been DTN's chief ag meteorologist since 1991. He writes and broadcasts agricultural weather commentary each day to DTN subscribers across the major crop and livestock production areas of the U.S. and Canada. He is a graduate of agricultural weather and journalism programs from the University of Nebraska and Mississippi State University.